c/auto-warranty-advice

Hit 100k miles on my truck and my extended warranty actually paid off big time

My 2015 F-150 just rolled past 100k miles last week. I was always told those extended warranties are a scam but I had a major transmission issue at 98k. The warranty covered $3,200 of the $4k repair bill. Still cost me $800 out of pocket but way less than the full price. Anyone else actually get good use out of their warranty at high mileage?

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terrywilson•3d ago

Showerthought: That used car salesman actually saved me $3,000

I was about to buy a 10 year old SUV from a lot in Manchester and the salesman stopped me, said he could sell it to me but the warranty was about to run out in 2 weeks and the transmission felt loose. He pointed me to a different lot down the street instead of taking my money. Has anyone else had a salesperson give you bad advice like that actually turn out to be them being real with you?

3 comments

wade_perez•3d ago

Hot take: hitting 100k miles without a major repair isn't always a win for warranty decisions

I rolled past 100,000 miles on my 2018 Honda last month with zero breakdowns, but that made me second-guess my extended warranty purchase. The thing is, I paid $1,200 for coverage that I haven't needed yet, while my buddy skipped the warranty and pocketed that cash. Does hitting a high-mileage milestone with no repairs make the warranty a waste, or does it prove you got lucky and still needed the safety net?

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terryb11•5d ago

TIL my extended warranty actually paid off after a busted transmission in Phoenix

Honestly, I bought a third-party warranty on my 2015 Ford Escape back in 2020 and always figured it was a scam. Last month the transmission started slipping bad on the I-10 near downtown, and the shop quoted me $4,200 for a rebuild. Ngl, I was shocked when the warranty company approved the claim and covered all but a $100 deductible. Has anyone else had a good experience with one of these plans, or did I just get lucky?

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keithharris•6d ago

My 2004 Camry threw a rod on I-75 at 7am on a Tuesday last month

I had just paid 1,200 bucks for a 3 year extended warranty through the dealer 6 weeks earlier and when I called them from the shoulder they told me the policy didn't cover anything related to the engine block, so now I'm sitting here wondering if anyone else has gotten burned by those fine print exclusions on drivetrain coverage?

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holly_green82•7d ago

Made it 8 years before realizing my extended warranty was a total ripoff

I bought a 2014 Ford Focus from a dealer in Decatur back in 2016 and they pushed a $2,400 extended warranty on me. I just kept paying for it every month without thinking, you know? Then last month my transmission needed a $1,200 fix and they denied the claim because of some fine print about "normal wear and tear." Has anyone else had an extended warranty that just felt like throwing money into a hole?

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hernandez.morgan•7d ago

Finally compared the dealer warranty to a third party one on my 2018 F-150

The dealer quoted me $3,200 for a 5 year plan but the independent company I found through a buddy covered the same stuff for $1,800 and actually paid out when my AC compressor blew last month so why would anyone stick with the dealership?

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noranguyen•8d ago

Can anyone recommend a good extended car warranty company?

I'm looking into extended warranties for my car since the factory one just expired. There are so many companies out there, it's hard to know which ones are legit and actually pay out when you need them. Can anyone recommend a good one you've had a positive experience with? I'm mostly concerned about coverage and customer service, not just the cheapest price.

2 comments